Have you received one of those mailers from a company promising to reduce your property taxes? I’m not saying at all there is some sort of ethical problem with these companies, but home owners in the Sacramento Region would be very wise to not hire companies like this to dispute their property taxes in the early part [...]
Our Blog
Enjoy some posts on market trends, the tax appeal process and resources.
Two reasons to be careful of those “lower your property taxes” mailers
Sunday, March 6th, 2011Declining property value, but increasing land value?
Tuesday, March 1st, 2011This is a graph we put together that places all sales in a particular community in California against the Assessor’s land value for a specific property. This was part of a consulting assignement we completed for a home owner to help him in his appeals hearing with the Assessor to contest the base-year value of his [...]
Taking a swim in Plumas Lake real estate
Wednesday, February 23rd, 2011I’m wrapping up a short sale appraisal in Plumas Lake (for a Realtor) and wanted to share a graph of all sales over the past three years (2008-2011). What do you see? Plumas Lake Real Estate Stats: 29 sales over the past 90 days Median sales price over the past 90 days: $187,500 Median list [...]
What do building permits tell us about the economy in Sacramento?
Wednesday, February 9th, 2011We hear so often about how new construction has basically stopped in the Sacramento area. Instead of just listening to a blanket statement though, let’s take a look at the actual trend of building permits in Sacramento County from 1994 through 2010. The information below is based on data from the United States Census Bureau for the number of permits [...]
Comparing real estate in the 95670 and 95742 zip codes in Rancho Cordova
Tuesday, February 1st, 2011It’s easy to view all sales in a given city on one graph, but what happens when we begin to unpack data a bit and look at specific areas or zip codes? We just might notice differences because there are often a number of real estate segments or sub-markets within a given city. As we all know, [...]
What’s going on in the Rancho Cordova real estate market?
Friday, January 14th, 2011What’s been happening in the Rancho Cordova real estate market? I’d like to give you a glance below at the overall tend over the past few years as well as some current data tidbits too. Keep in mind that a specific property in Rancho Cordova may or may not fit in with the general trend shown below. As [...]
A tour of the Citrus Heights real estate market over the past several years
Thursday, January 13th, 2011What’s been happening in the Citrus Heights real estate market? I wanted to give you a glimpse below at some market-wide data to help give some insight. Of course, keep in mind that a specific property in Citrus Heights may or may not fit in with the general trend of the data below. As you [...]
How we helped a client save $20,000 in property taxes this year
Thursday, January 6th, 2011I got some great news recently that the Assessor’s Office in Sacramento County agreed to lower property taxes by roughly 1.5 million on some acreage that one of my clients owns. The detailed appeal I put together for his 2009 property taxes revealed a total value of $340,000, but the Assessor had this parcel assessed at $1,804,053 (just [...]
How far has the Sacramento real estate market declined since the “bubble” burst?
Monday, December 6th, 2010Home owners often wonder how far the real estate market in the Sacramento area has declined since the housing “bubble” burst several years ago. Or in other words, if you bought your house today, how far back would you have to go to find the same price in the past? The graphs below from the Sacramento Association of Realtors [...]
Three years of sales in the Rosemont Area of Sacramento
Wednesday, December 1st, 2010I’m doing some market research right now in the Rosemont area of Sacramento. As an FYI, I thought locals might like to see all Rosemont sales graphed out over the past three years. There is a pretty clear trend downward when considering the entire spectrum of time, right? The first graph contains all Rosemont sales [...]
Sacramento home owner is taxed on twice the amount of his property value
Friday, November 19th, 2010How would you like to pay taxes on twice the value of your property? I just finished a property tax appeal today for a Sacramento condominium owner. This condo was assessed at $166,000 by the Sacramento County Assessor’s Office, but the actual value was $84,500. Have a look below by comparing the blue dot ($166,000) [...]
A quick video while dropping off four property tax appeals
Thursday, November 18th, 2010I shot a quick video today while dropping off four property tax appeals at the Sacramento County Appeals Board at 700 H Street in Downtown Sacramento. Together these four appeals represented more than $400,000 in overassessed values. The combined potential savings is $5,290. Let us know if you have any questions about the property tax [...]
Natomas property in Sacramento was overtaxed by $80,000
Thursday, November 18th, 2010This is an example of why we run a property tax appeal consulting business. A property owner in Natomas contacted us this week because her home was assessed just above $500,000. The blue dot in the graph below represents the assessed value of your house, and you can see clearly that nothing in the defined neighborhood boundaries [...]
When is the deadline to appeal property taxes in Sacramento County for 2010?
Sunday, November 14th, 2010Property owners ask this question every year….. often after the deadline has already passed. The last date to dispute your property taxes in Sacramento County and in many surrounding counties is November 30, 2010. This deadline is for a typical “decline in value” reassessment. See the video below or share with friends. If you have any [...]
The Lone Ranger & overpaying $800 in Sacramento property taxes
Tuesday, November 9th, 2010“Hi ho Silver”, let’s take a closer look at an Elk Grove property tax situation. This is a real life example we just completed for a home owner in Sacramento County (Elk Grove). We pieced together the best available comparable sales and put together some very solid trend graphs to help illustrate what the specific neighborhood real estate market was [...]
